October 9, 2025

Get ready for a roller-coaster as the stock market braces for the big Q2FY26 earnings season! On Tuesday, the Nifty managed a small but spicy jump, closing marginally higher. Why? Because companies started sharing their pre-quarterly business updates, sparking fresh excitement among investors. Analysts say expect the market to keep dancing within a range, with the real action coming stock-by-stock based on sectors, festive demand, and upcoming earnings. But wait, what's the rupee doing? The Indian rupee slipped by 3 paise to close at 88.77 against the mighty US dollar. The reason? A strong American currency flexing its muscles worldwide. This made the rupee a bit nervous. Looking at the market mood, the India VIX — our jitter meter — fell by 1.4% to 10.05, meaning traders are feeling a little less scared. The GIFT Nifty hinted at a muted start for Wednesday, dipping by 16.5 points to 25,207.50. Experts say Nifty will likely trade between 24,950 and 25,300, with support at 24,950-25,000 and resistance at 25,250-25,300. Across the oceans, Wall Street’s mood turned a bit sour, with the Dow falling 0.20%, S&P 500 down 0.38%, and Nasdaq dipping 0.67%. Why? Because the US government shutdown led to less economic data, forcing investors to rely on other indicators and Fed officials’ comments. Nearby Asian markets followed suit, with Japan’s Topix shining a bit, rising 0.9%, while Australia’s S&P/ASX 200 and Euro Stoxx 50 futures took small hits. Crude oil prices edged up, shaking off worries about too much supply after OPEC+ decided to limit November output increases. The US dollar rallied to its highest in six weeks, fueled by fears over the US government shutdown, making investors seek safe havens. Speaking of safe havens, gold prices reached an all-time high near $4,000 an ounce, powered by global economic and political worries and hopes for future Fed rate cuts. On the home front, RBL Bank is under an F&O ban today because it crossed 95% of its market-wide position limit — a red flag for big traders. Finally, foreign portfolio investors (FII) and domestic institutional investors (DII) showed confidence, buying shares worth Rs 1,441 crore and Rs 453 crore respectively on Monday. So, overall, while markets hold their breath for the Q2 fireworks, there’s a juicy mix of calm and action unfolding on Dalal Street.

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Tags: Nifty, Indian stock market, Rupee, Us dollar, India vix, Fii,